8
See all 8 photos
$697,500
Est. payment /mo
5,788 SqFt
Active
1018 S 3rd St Louisville, KY 40203
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Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,788 sqft
Price per Sqft $120
MLS Listing ID 1706166
Style Open Plan
HOA Y/N No
Abv Grd Liv Area 5,788
Year Built 1880
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 5788
Property Description
This fully renovated 10-unit multifamily asset is located in the heart of historic Old Louisville, a proven and stable rental submarket. The property benefits from its proximity to major institutional demand drivers, including Spalding University immediately to the north and the University of Louisville just a few blocks to the south.
The property consists of 10 efficiency units and has recently undergone a comprehensive renovation program. Capital improvements included selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy-efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems that adequately service each unit. Each unit was fully renovated with new flooring, modern kitchens with granite countertops, updated cabinetry, new appliances, refreshed bathrooms, new paint, and upgraded trim, resulting in a cohesive, contemporary finish package that supports strong tenant demand.
This offering provides investors with the opportunity to acquire a 100% occupied, turnkey multifamily asset with recent capital investment completed, minimizing near-term maintenance needs. Positioned within a mature, institutionally supported submarket, the property offers stable cash flow with long-term upside driven by continued rental demand in Old Louisville
The property consists of 10 efficiency units and has recently undergone a comprehensive renovation program. Capital improvements included selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy-efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems that adequately service each unit. Each unit was fully renovated with new flooring, modern kitchens with granite countertops, updated cabinetry, new appliances, refreshed bathrooms, new paint, and upgraded trim, resulting in a cohesive, contemporary finish package that supports strong tenant demand.
This offering provides investors with the opportunity to acquire a 100% occupied, turnkey multifamily asset with recent capital investment completed, minimizing near-term maintenance needs. Positioned within a mature, institutionally supported submarket, the property offers stable cash flow with long-term upside driven by continued rental demand in Old Louisville
Location
State KY
County Jefferson
Direction 3rd St.
Interior
Heating Other
Cooling Wall/Window Unit(s)
Exterior
Exterior Feature None
View Y/N No
Roof Type Other
Garage No
Building
Sewer Public Sewer
Water Public
Architectural Style Open Plan
Structure Type Stone
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